SunOpta, Inc. $STKL Stock Position Decreased by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 98.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,890 shares of the company’s stock after selling 970,157 shares during the period. SG Americas Securities LLC’s holdings in SunOpta were worth $70,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of SunOpta by 764.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,502 shares of the company’s stock worth $26,000 after acquiring an additional 3,981 shares during the period. BNP Paribas Financial Markets raised its stake in SunOpta by 65.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock valued at $54,000 after acquiring an additional 3,669 shares in the last quarter. Bank of Montreal Can bought a new position in shares of SunOpta in the second quarter worth $68,000. Tower Research Capital LLC TRC raised its stake in shares of SunOpta by 132.5% during the second quarter. Tower Research Capital LLC TRC now owns 12,460 shares of the company’s stock valued at $72,000 after purchasing an additional 7,101 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in SunOpta in the second quarter worth about $73,000. Institutional investors and hedge funds own 85.39% of the company’s stock.

SunOpta Stock Performance

SunOpta stock opened at $4.58 on Friday. SunOpta, Inc. has a 52 week low of $3.32 and a 52 week high of $7.68. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.37 and a current ratio of 0.98. The firm has a market capitalization of $553.22 million, a price-to-earnings ratio of 24.10 and a beta of 1.08. The company has a 50 day moving average price of $4.00 and a 200 day moving average price of $5.14.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its earnings results on Wednesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. SunOpta had a return on equity of 14.91% and a net margin of 0.16%.The company had revenue of $205.41 million during the quarter, compared to analyst estimates of $195.57 million. Research analysts forecast that SunOpta, Inc. will post 0.13 EPS for the current year.

Analyst Ratings Changes

STKL has been the subject of a number of research analyst reports. Mizuho reduced their price target on shares of SunOpta from $10.00 to $8.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Zacks Research lowered SunOpta from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings restated a “sell (d)” rating on shares of SunOpta in a research report on Monday, December 29th. Finally, DA Davidson set a $8.00 target price on shares of SunOpta in a report on Tuesday, January 13th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.00.

Insider Buying and Selling

In related news, CFO Greg Gaba acquired 15,000 shares of the company’s stock in a transaction on Monday, November 24th. The shares were purchased at an average price of $3.39 per share, for a total transaction of $50,850.00. Following the purchase, the chief financial officer owned 110,970 shares in the company, valued at $376,188.30. This represents a 15.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

About SunOpta

SunOpta Inc (NASDAQ: STKL) is a Canada-based company specializing in the sourcing, processing and packaging of organic and non-GMO plant-based foods and beverages. The company’s product portfolio spans a wide range of offerings, including non-dairy beverages such as oat, almond, soy and coconut drinks, fruit and plant-based beverages, and ingredient solutions for food manufacturers and foodservice customers. SunOpta’s integrated supply chain extends from ingredient sourcing and raw material preparation through to finished product formulation and packaging.

SunOpta operates through two primary business segments: Global Beverages and Global Ingredients.